I choose 2. SNB is not intervening directly although sight deposits increase. EURCHF is just trailing or copying EURUSD's trend. When EURUSD falls, it will follow. Investors are feeling good with EUR and buying EUR, by shorting their other ...

EUR/CHF

See, I forecast this pair will drop eventually.... Now it's below 1.2113, low 1.2095...

EUR/CHF

I think it will eventually go back down near 1.2050 levels by next month. EURCHF is clearly trailing EURUSD. How long will the feel good sentiment on the EU will last? The uptrend stalls below 1.2200 and it can only go down from here, although it is ...

EUR/CHF

Oanda shows open position ratios of their clients 56% long, 44% short now. I've closed 90% of my trades by now (from 1.2010). How about you guys?

EUR/CHF

Eurchf rise now is a trail of strong EUR buying and feel good sentiment of the EZ. This won't last. Eurusd at 1.3 with massive eur purchase also affects some chf selloff. But the high will turn someday, 1week?, 1month? Who knows? Most of us have TP ...

EUR/CHF

Wild fluctuations now... What to do now? Close Long? New Long? New Short?

EUR/CHF

SNB 5 min to go....... nobody's writing anything here? Very quiet in this forum..... I'm also busy clicking [reload] button on SNB website every 10 secs.

EUR/CHF

It is a good chance to buy an option for a slide (or sudden drop/spike) back towards 1.2010 levels or below 1.2050 after SNB, provided SNB don't make surprises. I bet they won't and it will fall. So I will buy some small options on this.

EUR/CHF

During these hot EZ / ESM economic news & SNB meeting round the corner, I think technicals may not be useful now until after Thursday...

EUR/CHF

Somebody talked about asking a fortune-teller what SNB might do..... Maybe we should find one.

EUR/CHF

Checked Oanda open position ratios for EURCHF showing, Now: 65% positions Long 35% positions Short Surprisingly many people are shorting now! And quite a significant amount of traders started opening longs at 1.2150!

EUR/CHF

Wonder what will this weekly close today will be like? And what if SNB deliberately announces something this weekend? Anyway I will reload small from 1.2035 & bigger below 1.2020.

EUR/CHF

Nothing surprising from Mario. Small drop but it's still at 1.2040. About the rumor SNB is bidding at 1.2012 or somewhere there - in this manner, harder for us to reload low now. Guess we have to wait until tomorrow to see if got another chance to ...

EUR/CHF

I think most of us have closed our positions, waiting for a fast drop down to reload again. It all depends on Draghi now, 2 hours to go...

EUR/CHF

Hi Phil, I hope you are right & that's what I believe also. What is your advice on our open positions now - place trailing stop? or close near ECB this afternoon or wait till next week SNB? Thanks,...

EUR/CHF

I've closed 70% of my positions. Now the question is : What caused this spike up? A - ECB meeting today? with rumored ECB bond buying? B - Early spike towards SNB next week? C - The anniversary of 1.20 peg & SNB may do something today?

EUR/CHF

You are right... I also see strong support on the 1-min SMA. Can't penetrate below this line yet. But double peak at 1.2045 shows a resistance.

EUR/CHF

I think Merkel's response come a bit too rash due to the leaked ECB bond buying info. It's very subjective on she opposing unlimited buying - again what is the quantum of bond buying and what are the restrictions/constrains. Best to wait till ...

EUR/CHF

Busted my trailing stop @ 15pips. Stopped @ 1.2028. Small trail stops at 4 pips also out. During such times, cannot use trail stops - very uncertain. Also closed 2/3 of my positions already avg @ 1.2025. Missed the big 1.2048. Still have 1/3 ...

EUR/CHF

Now look at the charts. Seems like eurchf is trending up >5pips. What do you think best to do now? TP? At what level? Or just ignore and wait for a higher level? Or wait till nx wk SNB?

EUR/CHF